Retail Investment Opportunity in Sligo
Sligo, 7th October 2015 – CBRE and DNG Flanangan Ford today announced that they will launch an investment property to the market located in Duck Street, Sligo Town, Co. Sligo. The agents are quoting a price of €350,000, equating to a net initial yield of 10.09%.
The Heat merchants building is located on the north side of Duck Street which is located just south of a well-established residential area. The single storey property occupies an excellent retail pitch and enjoys a large amount of footfall and vehicular traffic due to its close proximity to Sligo Town Centre, the Donegal Road, Sligo Regional Hospital & IT Sligo.
The property comprises a detached showroom/industrial premises which is situated on a high profile corner site. The property is occupied by Washglade who have recently signed up to a long term lease.
According to selling agents CBRE/DNG Flanagan Ford “We are anticipating a good level of interest in the investment from local & national investors as there is an opportunity to take advantage of the recovery in the Irish economy.”
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2016 revenue). The company has more than 75,000 employees (excluding affiliates), and serves real estate investors and occupiers through approximately 450 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.
In Ireland, with offices in Dublin and Belfast, CBRE is the country’s largest commercial real estate services company, now employing over 165 employees and offering a full range of property services including property sales and acquisitions, leasing and management, investment, corporate services, debt advisory, project management, consultancy, business rates and compulsory purchase, valuations and research. Please visit our website at www.cbre.ie or www.cbre.ie/ni.